Ola Electric, a leading electric two-wheeler maker in the country, has announced its financial results for FY2025. Although the company continued its leadership position in the market, its revenue fell marginally to INR 46.45 billion in FY2025 from INR 51.26 billion last year.

In spite of the revenue drop, Ola Electric continued its leadership in the electric scooter segment, shipping 359,221 units in FY2025, compared to 329,549 units in FY2024. The growth came mainly from the strong performance of its enhanced Gen 3 S1 scooter range, allowing the firm to attain 30 percent market share, based on VAHAN data.

The company stated it is making a big push towards profitability, led by two main internal initiatives: ‘Project Lakshya’ and ‘Project Vistaar.’

Under Project Lakshya, Ola Electric has a target cost structure of INR 1.10 billion for its auto business. The company has been able to bring down costs impressively to INR 1.21 billion in April 2025 and is likely to reach the INR 1.10 billion target in June 2025.

To supplement this, Project Vistaar, launched in November 2024, was network transformation-centric. The effort has significantly enhanced delivery time (from 12 days to 3-4 days), optimised inventory management and facilitated same-day delivery through its "HyperDelivery’ facility. Consequently, Ola Electric grew its footprint to emerge as India's largest EV distribution network in FY2025 with over 4,000 touchpoints, of which over 50 percent were in Tier 3 and rural markets.

These strategic actions have helped Ola Electric lower its auto segment EBITDA break-point structurally to below 25,000 units per month. This reduced level, combined with expected industry expansion, growing S1 market share, and the recent launch of motorcycles, sets the company up to achieve Auto segment EBITDA profitability during FY2026.

Ola Electric stated that early signs in April and May 2025 indicate encouraging business traction, with higher Gross Margins (excluding the benefits of PLI) and lower operating expenses. The company also noted stronger monetisation through add-ons, with Gen 3 sales more than doubling that of Gen 2. Encouraging demand for the recently launched Roadster Motorcycles is also supporting this encouraging trend. It expects this healthy performance to sustain, resulting in Auto segment EBITDA profitability in FY2026.

The launch of the Gen 3 S1 portfolio in Q4 FY2025 contributed significantly to the company's enhanced Gross Margins. For Q1 FY2026 posted a further 10 percentage point increase in Gross Margins over Q4 FY2025. This result will benefit further from the ramp-up in the Gen 3 platform. Significantly, the gross margins as of date do not account for PLI benefits for Gen 3, which will accrue in Q2 FY26. The company estimates its Gross Margins to be around 35 percent for Q2 FY2026 with PLI.

Ola Electric's S1 lineup continues to be extensive, with almost 1 million units sold in 14 products in Gen 2 and Gen 3. The Gen 3 platform provides 20 percent more peak power, 20 percent more range and an 11 percent price cut compared to its predecessor. The company further pushed mass segment EV penetration via its S1 X, which experienced a 3.5x year-on-year rise in deliveries to 196,123 units in FY25.

It was just recently that the company has begun deliveries for the Roadster X electric motorcycle, which it said addresses a significantly underpenetrated segment. The Roadster X comes with a mid-drive motor, chain drive, and onboard MCU for improved performance and safety. A first in the industry in the Roadster X series is the implementation of flat cables in the motorcycles.

The company is also scaling up output at its Ola Gigafactory, with the yields of its indigenously created ‘Bharat Cell’ continuing to improve. The cell is under rigorous testing of performance, lifecycle, safety and phased commercialisation can be anticipated in the months ahead. The phased rollout strategy is designed to balance supply chain synergies, maintain quality consistency and collect real-world performance data prior to mass commercialisation.

Ola Electric indicates that FY2026 will be a year of scaling revenue and riding operating efficiencies to drive sustainable profitability. With a strong product roadmap, vertical integration, strong R&D emphasis and building out distribution and service infrastructure.

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PepsiCo India has announced the expansion of its green logistics network through three integrated initiatives aimed at reducing supply chain emissions. The centrepiece of the rollout is the launch of a dedicated EV Green Corridor on the Kosi-Pataudi route, developed in partnership with Kalyani Powertrain, a subsidiary of Bharat Forge.

The Kosi-Pataudi corridor will utilise eight 32-feet single-axle re-powered electric container trucks. This initiative is expected to cover approximately 480,000 electric kilometres annually. The model incorporates dedicated charging infrastructure, route optimisation and vehicle customisation to support linehaul freight.

Beyond the corridor, the company has implemented the following measures:

• Distributor Electrification: More than 400 distributor-linked vehicles have been converted to electric three-wheelers and four-wheelers for last-mile delivery.
• Urban Logistics: Over 80 CNG vehicles have been deployed in the National Capital Region (NCR) through logistics partners to lower the environmental footprint of urban distribution.

The initiatives were inaugurated in the presence of Laxmi Narayan Chaudhary, Cabinet Minister for Sugar Industry and Cane Development, Government of Uttar Pradesh. The project involves a ‘Partnership of Progress’ approach, coordinating with original equipment manufacturers (OEMs), finance providers and logistics firms including Vayudoot Road Carriers and New Trishul Transport Services.

Jagrut Kotecha, CEO, PepsiCo India & South Asia, said, "At PepsiCo India, sustainability is embedded in how we operate and grow. The launch of the EV Green Corridor on the Kosi-Pataudi route, together with the electrification of our distributor fleet and CNG deployment in NCR, reflects our commitment to building a supply chain that is cleaner, more efficient, and future-ready. Through our Partnership of Progress approach, we have brought together the right partners across technology, logistics, infrastructure, and finance to make this a reality. We believe this kind of ecosystem collaboration is what it takes to drive lasting change, not just for PepsiCo, but for the sector."

Pankaj Sonalkar, MD, Kalyani Powertrain, said, “This initiative demonstrates how electric vehicle technology can be effectively integrated into commercial logistics operations when supported by strong ecosystem collaboration. At Kalyani Powertrain, we remain committed to developing innovative and reliable mobility solutions that enable businesses to transition toward cleaner, more efficient transportation while supporting India’s broader decarbonization goals.”

Laxmi Narayan Chaudhary, added, “Initiatives like these reflect how industry can grow while remaining mindful of the environment. The Government is strongly focused on promoting electric mobility and encouraging cleaner modes of transportation, and this initiative is well aligned with that vision.”

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  - NEW TRISHUL TRANSPORT March 18, 2026 21:21 PM

  Great initiative and futuristic approach of pepsico and it’s team, Green india clean india.

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Audi has confirmed plans to introduce a new all-electric entry-level model, the A2 e-tron, which is scheduled for a global debut in the fall of 2026. This new addition to the lineup represents a strategic move to establish a presence in the compact class with a fully electric family of vehicles. Production of the A2 e-tron is slated to take place at Audi’s primary facility in Ingolstadt, reinforcing the manufacturer's dedication to evolving its domestic production capabilities. An initial design sketch has provided a glimpse of the vehicle's profile, hinting at its modern aesthetic.

The announcement was made by Audi CEO Gernot Döllner during the company’s Annual Media Conference, marking a significant step in the brand's journey towards an all-electric future. The decision to launch the A2 e-tron is a response to the expanding market for compact electric cars, particularly within major European urban centres. The model is designed to appeal to an international audience, with a focus on delivering a blend of practical city functionality, environmental sustainability, high energy efficiency and advanced digital features. It aims to make the brand more accessible and appealing to a new generation of customers seeking a contemporary entry point into premium electric mobility.

The choice of the A2 e-tron name is a conscious tribute to the original Audi A2, a vehicle celebrated for its forward-thinking approach to efficiency and urban transportation more than two decades ago. This new model seeks to continue that legacy, adapted for the current era of electrification. The vehicle will be a key component in refreshing and expanding Audi's lineup, which following a substantial rollout of new models in 2024 and 2025, is already one of the newest in the industry. This momentum is set to continue in 2026, with the A2 e-tron strategically positioned as the new entry point, complementing the full-size Audi Q9 at the upper end of the market. The upcoming premiere of the A2 e-tron will offer the first complete look at this new compact electric vehicle.

“We’ve listened. Our customers want electric mobility that impresses in everyday life. The A2 e-tron is our promise to deliver exactly that – efficient, compact and confident. We’re making entry into the electric Audi world easier and more relevant than ever. The A2 e-tron is crucial for our brand and also for our German home. With the production of an additional fully electric model family in Ingolstadt, we are securing jobs and delivering electric mobility ‘made in Germany’,” said Döllner.

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BYD India has announced the opening of bookings for the Sealion 7 First Anniversary Edition, a performance electric SUV. Reservations commenced on 17 March 2026 with a booking amount of INR 70,000.

The Sealion 7 is available in two variants – Sealion 7 Premium (82.56 kWh) at INR 4.94 million and Sealion 7 Performance (82.56 kWh) at INR 5.49 million. The first 1,100 customers who book by 30 April 2026 will receive an 11 kW home charger with installation and two years of free maintenance. This edition also features an 8-year or 150,000 km warranty on the Lithium Iron Phosphate (LFP) Low Voltage Battery, alongside a standard 8-year or 160,000 km warranty on the high-voltage battery.

The SUV utilises Cell-to-Body (CTB) technology, where the Blade Battery serves as a structural component of the chassis. It also features Intelligence Torque Adaptation Control (iTAC) to manage driving dynamics.

Performance and range figures (NEDC) include:

• Performance Variant: zero to 100 kmph in 4.5 seconds; 542 km range.
• Premium Variant: zero to 100 kmph in 6.7 seconds; 567 km range.

The exterior features ‘Ocean X’ styling, while the First Anniversary Edition introduces a Tahiti Blue interior. The cabin is equipped with a 15.6-inch rotating touchscreen, a 12-speaker Dynaudio system and Vehicle-to-Load (VTOL) capability, allowing the car to power external devices.

Since its introduction at Bharat Expo 2025, the Sealion 7 has recorded sales exceeding 2,500 units in India.

Rajeev Chauhan, Head of Electric Passenger Vehicles Business, BYD India, said, “The BYD Sealion 7 represents the next generation of performance electric SUVs, combining advanced technology, distinctive design, and everyday practicality. The First Anniversary Edition celebrates this journey while bringing additional value to our customers. With exclusive benefits for the first 1100 customers only and enhanced ownership advantages such as the 8-year Low Voltage Battery warranty, we aim to make premium electric mobility even more compelling for Indian consumers.”

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Bengaluru-based electric vehicle manufacturer Ather Energy has announced the expansion of its service network to 500 authorised centres nationwide. The company nearly doubled its service footprint in the 2026 fiscal year, increasing from 277 to 500 locations in alignment with its retail growth.

The expansion includes the deployment of Gold Service Centres, which feature standardised lounges and maintenance equipment. To reduce turnaround times, the company has implemented the ExpressCare initiative at 82 centres, allowing for periodic maintenance to be completed within 60 minutes.

Ather’s service network now covers Tier-1, Tier-2, and emerging cities, supporting the Ather 450 performance range and the Rizta family scooter. The company plans to increase its retail presence to 700 Experience Centres by the end of FY2026, up from 600 centres recorded on 31 December 2025.

Furthermore, as of 31 December 2025, the Ather Grid consists of 4,357 fast-charging points and neighbourhood chargers. This infrastructure is intended to provide comprehensive support for the increasing user base across India.

Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, “Crossing 500 service centres is an important milestone as we continue to scale our retail footprint and customer base across the country. From the early days, we have focused on building service capacity alongside sales because reliable after-sales support is a core part of the overall ownership experience. As our presence grows, having a strong service network becomes even more critical. Our focus is on ensuring that riders have access to trained technicians, transparent processes, and consistent service quality wherever they are.”

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